LANSDOWNE DMLO DAVIES STREET LP

The six named GPs and absence of any prior EDGAR record for Lansdowne suggest either a newly launched manager, a continuation vehicle spun from a larger platform, or a fund that historically operated below EDGAR visibility thresholds; the 06b exemption signals this is a closed raise to known relationships only, typical of manager debuts or proprietary LP networks.

An amendment filing in May 2026 during a period of macro uncertainty and LP reallocation cycles indicates the manager either encountered headwinds in an initial target and revised downward, secured unexpected co-investment commitments that changed fund sizing, or adjusted strategy scope in response to LP feedback on sector or geography.

Before committing, verify whether any of the six named GPs—particularly Niederhauser, von Bomhard, or Woolnough—carry key-man provisions or have held material roles at prior platforms, as this directly affects deployment continuity if governance is concentrated; also confirm whether this amendment reflects a material reduction from an earlier target size, which would signal execution risk.